Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Argentina
KCPPPGARA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.19
Year-over-Year Change
-6.03%
Date Range
1/1/1950 - 1/1/2010
Summary
This trend measures the share of Argentina's purchasing power parity (PPP) converted GDP per capita that is allocated to consumption at constant prices. It provides insight into the consumption patterns and purchasing power of Argentine households.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The consumption share of PPP-converted GDP per capita represents the percentage of a country's economic output that is dedicated to household consumption. This metric is useful for cross-country comparisons of living standards and consumer behavior.
Methodology
The data is calculated by the World Bank using national accounts and population data.
Historical Context
Economists and policymakers monitor this trend to understand Argentina's economic development and the purchasing power of its citizens.
Key Facts
- Argentina's consumption share of PPP-converted GDP per capita was 68.4% in 2021.
- Consumption accounts for the largest component of Argentina's GDP.
- The trend has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of Argentina's purchasing power parity (PPP) converted GDP per capita that is allocated to consumption at constant prices.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the consumption patterns and purchasing power of Argentine households, which is useful for understanding the country's economic development and living standards.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and population data.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to understand Argentina's economic development and the purchasing power of its citizens, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, so there may be a delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Argentina (KCPPPGARA156NUPN), retrieved from FRED.